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Ford is slated to cease manufacturing in Australia in October 2016, but a Reuters report suggests the company’s exit could come sooner. Starting this June, Ford is reducing production by a third and also plans to lay off 300 employees out of the estimated 1200 manufacturing-related jobs.

“We are continuing to match production with demand and that will mean we are reducing production by about a third in June with related job losses,” company spokesman Wes Sherwood said to reporters on Thursday.

The current announcement has people worried, including Victorian Automotive Chamber of Commerce executive director David Purchase.

“I personally would not be surprised if we see a quicker slowdown or reduction than was first envisaged,” Purchase told reporters.

As previously reported, Ford has been losing money in the country due to an increasingly competitive market, stronger currency, and lower demand. Two plants are scheduled to close in 2016, including the Broadmeadows facility, which produces the Falcon, Falcon Ute, Territory, and Ford Performance Vehicles. Once manufacturing ceases, Ford still plans to employ 1500 people and keep open about 200 dealerships to sell imported models.

In addition to Ford, General Motors will also discontinue manufacturing in Australia by 2017. That means the Holden Caprice, Commodore, and Ute will disappear, leaving only imported nameplates like the Cruze and Volt for sale in the country.